Ev Williams, the co-founder of Twitter, spent five years building Medium into one of the slickest publishing platforms on the web. Yet he found himself in traditional-publishing purgatory, cutting 50 employees and searching for a new business model. There could be no better proof that delivery methods matter little and content is king. In the post outlining the changes, ...
Read More »Admin
Boeing can survive a China trade war
As if it wasn’t bad enough getting into a fight with the president-elect over the cost of Air Force One, Boeing Co. is facing problems from the other side of the Pacific. Beijing is planning to step up scrutiny of US companies in the event that Donald Trump flips from trash-talking the cost of presidential aircraft to taking punitive ...
Read More »Slim pickings in the Brexit bargain bin
Foreign takeovers of British companies have been surprisingly few given the fall in sterling since Britons voted to leave the European Union in June. The bids for chip-designer Arm Holdings Plc, broadcaster Sky Plc and pubs group Punch Taverns are the only post-referendum deals for UK firms worth more than $1 billion, according to Bloomberg data. Activity has been ...
Read More »Japan takes on its workaholics
Noah Smith The same problems come up again and again in discussions of what Japan needs to do to revive its economy. The first is low white-collar productivity. The second is population aging. The third is gender equality. Now Japan’s government is poised to attack all three problems at once, undertaking an assault on one of the central features ...
Read More »Qatar Airways brings 7-star cinema experience to travellers
DOHA / Emirates Business Qatar Airways is sponsoring the first-class 7-star cinema experience at iconic Novo Cinemas across Qatar, Bahrain and United Arab Emirates, introducing customers within the region to a luxury entertainment experience. The seven-star service includes valet parking, luxury lounges and special gourmet food menu ordered from fully reclining leather seats. Each seat comes with an iPad, ...
Read More »Iran takes ownership of first airliner under sanctions deal
PARIS / Reuters Airbus said on Sunday Iran’s state airline IranAir had accepted its first new jet, marking a key step in opening up trade under a nuclear sanctions deal between Iran and major powers. The Airbus A321 jetliner has been painted in IranAir livery and is expected to be delivered later this week. “The technical acceptance has been ...
Read More »BA to carry all passengers during strike
Bloomberg British Airways (BA) promised to carry all passengers booked to fly during a two-day walkout over pay by cabin crew next week, though some people will have to catch different departures. The “vast majority†of services to and from London Heathrow, where the protesting crews are based, will operate as normal, and flights from the U.K. capital’s Gatwick ...
Read More »Oris opens new boutique in Basel, Switzerland
Emirates Business Oris, one of Switzerland’s few remaining independent watch companies, announces the opening of ‘Maison Oris’ at 22 Barfusserplatz in the Swiss city of Basel. The new boutique will be operated in cooperation with renowned jeweller Seiler, and will offer Oris customers an unrivalled experience of the company and its watches. The two-storey boutique has been designed as ...
Read More »EasyJet slips off pace set by Ryanair on terror, Brexit squeeze
Bloomberg EasyJet Plc’s passenger count increased at less than half the pace of its low-cost rivals last year as Europe’s second-biggest discount carrier struggled with its exposure to the British and French travel markets. Customer numbers increased 6.6 percent to 74.4 million in 2016, Luton, England-based EasyJet said. That compares with a 15 percent gain at low-cost leader Ryanair ...
Read More »DNB to use excess funds to buy back its own shares
Bloomberg Norway’s biggest bank, DNB ASA, has more capital than it needs and will probably start using the excess funds to buy back its own shares. After topping the European Banking Authority’s resilience score (DNB’s capital reserves were hardly affected in the stress tests’ ‘adverse’ scenario), the Oslo-based lender is now attracting investor interest as analysts predict shareholder rewards ...
Read More »